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CAMAC Energy resumes drilling in Oyo

16 June 2014, 19:28

Oyo- CAMAC Energy, the United States firm, has announced it had begun drilling in the Oyo-8 development.

Oyo-8 will be drilled by the Northern Offshore Energy Searcher drillship to a total depth of approximately 1 800 metres in water depths of approximately 310 metres, and will produce from the Pliocene reservoir, the company stated.

The Oyo-8 well is expected to commence production in the fourth quarter and, together with the Oyo-7 well which will be completed subsequent to the Oyo-8 well, is expected to significantly increase production from the Oyo Field, it added.

The Oyo-8 well is located offshore Nigeria in OML 120, where CAMAC Energy is the operator and owns a 100 percent working interest.

This development well lies within the Oyo field, which was one of the first deepwater oil discoveries made in Nigeria.

The Oyo field is located approximately 75 kilometers offshore Nigeria in water depths of approximately 300 meters.

- CAJ News

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